Trump’s truce sparks global relief rally
TOPSHOT – Rocket trails are seen in the sky over Netanya, Israel, on April 8, 2026. The Israeli military issued two successive warnings early Wednesday that Iran had fired missiles at it, just after US President Donald Trump said he had agreed to delay striking Iranian infrastructure. (Photo: JACK GUEZ / AFP via Getty Images) /
Jack Guez | Afp | Getty Images
Hello, I’m Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open.
This is the most significant development since the beginning of the war in Iran, and markets are reacting. The news that a ceasefire had finally been reached between the USA and Iran with the support of Israel caused a wave of relief in the stock markets.
Some wild card factors remain, but the ceasefire is met with optimism for now.
What you need to know today
“I accept Suspend bombings and attacks against Iran for two weeks.” US President Donald Trump said in a speech: to mail A ceasefire has been declared between the USA and Iran on Truth Social. “We have received a 10-point proposal from Iran and we believe this is a workable basis for negotiation.”
The news sparked a global relief rally, with Dow futures gaining more than 1,000 points in early trading, with stocks rising across Asia and big gains expected in Europe.
Oil prices are falling, with Brent and WTI falling below $100 per barrel.
A. expression Iran’s Foreign Minister, on behalf of the Supreme National Security Council, said that if attacks against it cease, Tehran will cease defensive operations and allow safe passage through the Strait of Hormuz in coordination with its armed forces and “taking into account technical limitations.”
But just hours after the ceasefire took effect, several Middle Eastern countries reported on Wednesday that missiles and drones from Iran had triggered air defenses across the Gulf.
Israeli army He said he detected the ballistic missile Attacks from Iran began early on Wednesday, with early warnings issued in central and northern parts of the country.
United Arab Emirates air defense systems seize missiles and drones He called on the public to stay in safe places.
Saudi Arabia’s Civil Defense organization announced early warnings There is a danger of “potential danger” across the country, including Riyadh. Kuwait, bahrain and Qatar has also issued warnings or activated defenses as threats emerge in the region.
It is very important that Israeli Prime Minister Benjamin Netanyahu declared a two-week ceasefire. Will not apply to Lebanon. Speaking to CNBC, Lebanon’s Minister of Economy told Access Middle East that the ceasefire was “very good news” for the region but that he hoped his country would be a part of it “after being forced into this war.”
—Leonie Kidd
